Chapter 9A Homework Question 6 of 6 -/5 On January 1, 2022, Sheridan Company's accounting records contained these liability accounts. Accounts Payable $44.300 Sales Taxes Payable 8.400 Unearned Service Revenue 20.800 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $6,254, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $12,500. (Record Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $8.400. 20 Sold 680 units of a new product on credit at $50 per unit, plus 6% sales tax. During January, the company's employees earned wages of $70,300. Withholdings related to these wages were $5,378 for FICA, $5.021 for federal income tax, and $1,506 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. Wages or payroll tax expense have not been recorded as January 31. Accts. Rc 15 Per on